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Australian Retail Sales grew by 0.6%

Friday, Nov 04 2016
Australian Retail Sales grew by 0.6%

Australian retail turnover rose 0.6 per cent in September 2016, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.  This follows a rise of 0.5 per cent in August 2016. In seasonally adjusted terms, there were rises in household goods retailing (2.3 per cent), cafes, restaurants and takeaway food services (1.0 per cent), food retailing (0.2 per cent) and department stores (0.5 per cent).

There were falls in clothing, footwear and personal accessory retailing (-0.6 per cent) and other retailing (-0.1 per cent) in September 2016. The trend estimate for Australian retail turnover rose 0.2 per cent in September 2016 following a 0.3 per cent rise in August 2016. Compared to September 2015 the trend estimate rose 2.8 per cent. Online retail turnover contributed 3.5 per cent to total retail turnover in original terms.

 

Aussie is currently being traded around 0.7670 level. Pair is likely to find support around 0.76 area and resistance above 0.7730 level.

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